Which of the following transactions is excluded from GDP?
A. You buy a government bond for $100.
B. Intel buys a new jet to ferry its workers from its Folsom, CA headquarters to Santa Clara.
C. The local government spends $500,000 for a new park.
D. The Brazilian air force buys jets from the U.S. air force.
Answer: A
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Other things remaining the same, the greater the expected profit
A) the less the amount of investment. B) the greater the amount of investment. C) the steeper is the investment demand curve. D) the flatter is the investment demand curve.
Money
a. is a perfect store of value. b. is the most liquid asset. c. has intrinsic value, regardless of which form it takes. d. All of the above are correct.
Suppose that Canada decides to peg its dollar ($C, or the loonie) to the U.S. dollar at an exchange rate of $C1 = $US1. What will happen to the Canadian IS curve as a result of the leftward shift of the U.S. IS curve?
A) It will shift rightward. B) It will shift leftward. C) It will not change. D) The IS curve will show an increase.
The marginal social benefit is the sum of the benefit enjoyed by the consumer of an additional unit of a good or service plus the marginal benefit enjoyed by others
Indicate whether the statement is true or false